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point. denn dennis gartman will call in later. we'll ask him about food prices, too. >>> and show me the money. how is the music industry dealing with falling album sales and traditional revenue streams. and at 11:30 cet, i think i know this guy, we'll talk to david russell to get his view on unemployment in the u.s. and how much of an impact he thinks the sequester will have. all that and more. if you want to put questions to these guests throughout the show, if you want to respond to anything you've heard so far, send in your thoughts. e-mail, who wouldwide@cnbc.com, tweet us, @cnbcwex and what not. now it's 12:30 out of the u.s. forecasts calling for an increase of 160,000 in nonfarm payrolls. it's just about what we saw in january. construction manufacturing expected to see gains. the number could be skewed because of the snowstorm that buried the east coast could have kept some workers at home. the unemployment rate expected to tick down to 7.8%. patrick buried is joining me on set now. we could maybe reverse the uptick we saw in unemployment last month. what do you expect to se
teams across asia. he's now topped out. >> take your word for it on this one. >> do you know who dennis rodman is? >> i do know who dennis rodman is. former nba basketball star, he's been speaking out about his friendship with king jong un. he was asked about pun yang's right to destroy america. the u.s. state department has criticized north korea for wining and dining rodman while its people go hungry. meanwhile, rodman had his own message. >> i think he's going to change something. it is a different view. i sat with him for two days and the one thing he asked me to give obama something to say and do one thing. he wants obama to do one thing. call him. >> call him. on that, we want to know, are athletes helping or hurting the cause? are they better diplomates than politicians or do they just interfere? >> i don't know. get in touch with us. e-mail us, worldwide@cnbc.com, tweet, @cnbcwex. still to come -- >> property markets are sent stocks tumbling. what's on the agenda this week? >> more when we come back. >>> hsbc stocks are down after recording a profit of $20 billion. it has lifted
former nba bad boy dennis rodman showing having a blast with kim jong un afterwards. rodman tells kim he has a friend for life. now, he may have friends in high places, but so some yao ming. the former superstar has been elected to the chinese people political conference that kicks off this sunday. it's a policy advisory group to the national people's congress. yao says he's accepted the role with great responsibility and he's working on submitting a proposal. he'll need a friend in high places because he's very tall. >> exactly. >> that's what i assumed it was a play on. >>> u.s. president barack obama is set to meet congressional leaders at the white house in a last minute establishment to reach a deal on the so-called sequester. what exactly does the sequester mean and why is it happening? steve liesman explains. >> today, a series of across the board federal spending cuts are set to take effect that almost no one in washington wants. but they appear powerless to avoid. known as the sequester, the cuts would reduce government spending by $58 billion this year and by 1.2 trillion over
be or whether dennis rodman has weighed in on them. >>> the "new york times" says the senate permanent committee on investigations could ask a former cfo and other senior executive toes testify at a hearing later this month. the panel report is due out on the ides of march, march 15th. he's not the focus of separate probes into the trading loss. >> is there a sort of music, is there ides of march music? >> if not, we can create some. >>> citigroup cio michael corbatt makes his first presentation today since taking the job. analyst expect him to focus on near term financial goals and cutting costs and not a new long-term strategy. he may also address concerns about how he plan toes wind down the city holdings unit which has been a drag on earnings. citi stop stock up 2%. banks having a pretty good day. >> and let's take a look at what's on the agenda in asia. a new central bank meeting. dozens of them this week, it seems. >>> in australia, rising resource exporter could make a difference when fourth quarter gdp is released. key earnings to watch out for out of hopping congress, the mainland's lar
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